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Topic: Pallonji Mistry

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	TCS debut: Pallonji richer by $1.7b - Sify.com (Site not responding. Last check: 2007-10-15)
		Mistry, whose stake in Tata Sons dates back to his father's association with the Tatas, has always been a spectator to events at Bombay House, the headquarters of the Tata group.
		Mistry, who, like the Tatas, is a member of the entrepreneurial Parsi ethnic community -- has rarely given interviews.
		Pallonji lives with his wife and two sons in a cream-coloured Georgian mansion overlooking the Arabian Sea in Bombay.
	sify.com /finance/equity/fullstory.php?id=13552088 (526 words)

	tata.com : Tatas offload 6.77% in Forbes Gokak at Rs 80/share
		With this, the Pallonji Mistry Group’s stake in Forbes Gokak has increased to 14.88 per cent from 8.11 per cent earlier.
		The Pallonji Mistry Group has said that it will voluntarily make an open offer to public shareholders to acquire up to an additional 20 per cent of the equity share capital of Forbes Gokak at the same price of Rs 80 per share paid to the Tata investment companies.
		After the Pallonji Mistry Group has hiked its stake to 34.88 per cent, i.e., after acquiring 20 per cent through the open offer route, it will buy the remaining 8.05 per cent of the Tatas in a separate deal.
	www.tata.com /tata_sons/media/20011010.htm (368 words)

	\|\| Businessworld - STAY AHEAD EVERY WEEK \|\| (Site not responding. Last check: 2007-10-15)
		With a stake of 18.37%, Mistry is the single largest individual shareholder of Tata Sons, the holding company of the Rs 44,000-crore Tata group.
		Mistry has a few very close friends in the Parsi community, but even they would rather not talk about their relationship with him.
		Mistry is apparently keen that Ratan appoints Noel.
	www.businessworld.in /august/coverstory01.asp (843 words)

	The Financial Express: Corporate (Site not responding. Last check: 2007-10-15)
		Warrior Investments and FCH sold 5 lakh and 6 lakh shares of FGL to the Mistry group at Rs 90 a share around December 13, amounting to Rs 9.9 crore.
		In effect, the Mistry group, which now holds almost 40 per cent in FGL are now in a position to inform LIC (the largest institutional shareholder with about 10 per cent in FGL) that it may as well tender shares in open offer on a pro-rata basis rather than buy them of en bloc.
		Of Mr Mistry’s effective stake of nearly 40 per cent in FGL, nearly 9 per cent was cornered when the subsidiaries sold their respective stakes in FGL.
	www.financialexpress.com /fe20020104/corp2.html (390 words)

	Counter-bid for Forbes Gokak within norms: SEBI
		In the case of Forbes Gokak, the original bid was made by the Mistry group for acquiring 24.9 lakh Forbes Gokak shares at a price of Rs 80 per share on October 15.
		The Mistry group, through its investment firms, Sterling Investments Corporation Pvt Ltd in concert with Shapoorji Pallonji & Co Ltd and Cyrys Investments Ltd, made an open offer for 24.9 lakh shares representing 20 per cent of the paid-up capital of Forbes Gokak at Rs 80 per share.
		Mistry group acquires more shares: The Mistry group has informed the Bombay Stock Exchange that its investment firms -- Sterling Investments Corporation and Cyrus Investments -- have purchased additional shares of Forbes Gokak Ltd from the open market.
	www.thehindubusinessline.com /2001/11/06/stories/14061804.htm (472 words)

	Open offer for Forbes Gokak at Rs 80
		The move is in tune with the promise made earlier in the part divestment of the Tata Group's equity stake in Forbes Gokak to the Pallonji Mistry Group owned-Sterling.
		With the sale, the Pallonji Mistry Group's equity holding in Forbes Gokak moved up to 14.88 per cent from the earlier 8.11 per cent, while that of the Tatas reduced to 18.29 per cent, including the residual 8.05 per cent held by Tata Investment Corporation which is to be divested later.
		It was announced then itself that the Pallonji Mistry Group had agreed to make an open offer to pick up an additional 20 per cent of the equity share capital of Forbes Gokak, at the price of Rs 80 per share.
	www.hindu.com /businessline/2001/10/14/stories/14141803.htm (820 words)

	tata.com : The Mistry move: Getting back to basics
		While Mr Mistry was not available for comment - a recluse as far as the fourth estate is concerned - it makes sense for him to acquire the stake in Forbes Gokak.
		Again, Mr Mistry, despite being the biggest stake holder in Tata Sons with nearly 22 per cent as of now, has never claimed a bigger say in the running of the group.
		Post the 20 per cent open-offer that has been made, the cumulative stake of Mr Mistry will be at over 55 per cent: given that the Tata group and Mr Mistry have also inked a deal, which will let the latter acquire the residual Tata stake in Forbes Gokak by end-December 2001.
	www.tata.com /tata_sons/media/20011022.htm (1155 words)

	DNA - Money - Shapoorji Pallonji seeks a port of call - Daily News & Analysis
		The group led by Pallonji Mistry, said to be among the wealthiest individuals in the country, is mulling a bid to develop one of the ports along the Maharashtra coast, which are slated for privatisation.
		Industry sources close to the Shapoorji Pallonji group confirm that it is keen to enter the port sector and is looking at five ports along the Maharashtra-Goa coastline.
		It is learnt that Pallonji Mistry’s son Cyrus is piloting the maritime ventures and the company has already put in place the required management bandwidth for the port ventures.
	www.dnaindia.com /report.asp?NewsID=1050200 (591 words)

	The Financial Express: Top Story (Site not responding. Last check: 2007-10-15)
		Top level capital market sources said that it remains to be seen whether Mr Mistry’s offer met with regulations that stipulate that an open offer announcement has to be “simultaneously made” to both stock exchanges as well as the target company when the public announcement is put forward to Sebi.
		It is said that Mr Mistry’s offer to the exchanges was made on October 11, but that to the company took place only the next day.
		It is also been given to understand that if Mistry’s open offer for Forbes Gokak is deemed null and void by Sebi, Mr Pawamkumar Sanwarmal’s counter offer for Forbes Gokak at Rs 88.50 a share will be the taken as the open offer.
	www.financialexpress.com /fe20011109/top2.html (801 words)

	The year That was 2006 : Ten richest Indians - ..::: MaJaa Entertainment Network :::..
		Mistry's daughter is married to Noel Tata, Ratan Tata's half brother, who could well be the Tata Sons chairman's future successor.
		Shapoorji Pallonji and Co Ltd started life as Littlewood Pallonji and Co and was awarded its first construction contract in 1865.
		A leader in the construction of large and complex projects in India and abroad, Shapoorji Pallonji has expanded into a group of companies with operations in commercial and residential buildings, infrastructure projects, industrial plants, power, mechanical works, electrical works and property development.
	majaa.net /showthread.php?p=3434 (1563 words)

	The Telegraph - Calcutta : Business
		Sterling Investment Corporation, Shapoorji Pallonji and Company and Cyrus Investments Ltd were involved in the takeover of Forbes Gokak Limited.
		The Pallonji group had acquired Forbes Gokak from the Tatas, necessitating an open offer for FAL Industries.
		The Pallonji group contested the allegations in the Sebi showcause notice for violation of the takeover regulations.
	www.telegraphindia.com /1040904/asp/business/story_3716302.asp (320 words)

	The Billionaire Club of India-NEWS-The Times of India (Site not responding. Last check: 2007-10-15)
		This low-profile construction baron and real estate developer heads Shapoorji Pallonji and Co Ltd. He is also the largest individual shareholder in Tata Sons.
		Mistry, who left college to pursue his dream has expanded his business empire covering a wide spectrum of civil and structural engineering works, across various countries.
		Mistry has houses in London, Mumbai and Dubai.
	timesofindia.indiatimes.com /articleshow/msid-638237,prtpage-1.cms (673 words)

	MAGINDIA.COM - Pallonji steps down in ACC board reshuffle
		Institutional sources said Pallonji Shapoorji Mistry had been seeking to retire for the last two years specially since he has attained the age of 75 years.
		Pallonji Shapoorji Mistry has been director of the company for the last 48 years with over four years as its chairman in two stints.
		His wide knowledge and experience of the cement industry has been of great value to the board and the management of the company, the release said.
	www.magindia.com /manarch/news/man6698.html (558 words)

	Construction Materials Purchase - September 2002
		Shapoorji Pallonji and Company Limited is now all set to scale newer heights by raising the tallest building in Mumbai.
		The list of projects executed by SPCL is virtually awe-inspiring — from palaces to government buildings, from atomic energy plants to sprawling factories, from scientific and research establishments to sports stadia, from hotels to homes — their portfolio is simply staggering.
		The skyline of almost every Indian city is dotted with SPCL constructions, Backed by 140 years of solid workmanship and progressive outlook; Shapoorji Pallonji is a big name to contend with.
	www.indianpurchase.com /magonline/construction/200209/article2.htm (1448 words)

	Shapoorji Pallonji to rewrite Mughal-e-Azam
		After having immortalised love on the silver screen in the 1960s, construction major and one-time film financiers Shapoorji Pallonji and Co, through its investment arm Sterling Investment Corporation, is set to wow audiences again.
		The 40-year old Mistry is said to be investing Rs 5 crore (Rs 50 million) in the restoration, sound effects (Dolby) and transforming the fl-and-white opus into colour.
		He claims that the younger Mistry is doing it for sentimental reasons.
	in.rediff.com /money/2004/aug/06films.htm (291 words)

	\|\| Businessworld - STAY AHEAD EVERY WEEK \|\|
		Mistry’s sons Shapoor and Cyrus have earned a berth on the board of Indian Hotels and Tata Power respectively.
		This year, Pallonji Mistry will step down from the Tata Sons board, according to the group’s policy of sitting directors retiring at 75.
		Mistry apparently wants Shapoor, his 39-year-old son, to take his place on the Tata Sons board.
	www.businessworldindia.com /august/coverstory02.asp (978 words)

	Tarun Das is new ACC chief -- Pallonji, Ganguly retire
		Tarun Das is new ACC chief -- Pallonji, Ganguly retire
		Pallonji S. Mistry, and the Vice-Chairman, Dr. S.
		Mistry, who has been a director of the company for over 48 years, expressed his desire to retire at a board meeting of ACC on Wednesday, a press release said.
	www.hindu.com /businessline/2000/04/27/stories/14271805.htm (278 words)

	Ruminations: June 2005
		That the earlier board decision to lower the retirement age to 70 was nothing but a board game to oust Pallonji Mistry from the Tata Sons board.
		Pallonji was, and still is, the largest shareholder in Tata Sons with 18 per cent stake - far more than Ratan himself holds (about 2 per cent).
		Poor Pallonji had no option but to step down, as he is too proud a man to be seen hanging onto a board seat.
	daytimeruminations.blogspot.com /2005_06_01_archive.html (4338 words)

	Pallonji sets ball rolling for Gokak recast : HindustanTimes.com (Site not responding. Last check: 2007-10-15)
		The Shapoorji Pallonji group, promoted by Pallonji Mistry-the construction baron who is also ranked among the top 10 billionaires in India, is set to revamp the operations of its consumer durables to textiles conglomerate, Forbes Gokak.
		Shapoor Mistry, the son of Pallonji Mistry and the chairman of Forbes Gokak, is also putting in a new management team in place.
		Ashok Barat, an executive with the multinational food major Heinz India, has recently joined as the COO of the company.
	hindustantimes.com /news/181_1848993,00020009.htm (579 words)

	CIOL : Investment and expansions : Mistry with the Midas touch (Site not responding. Last check: 2007-10-15)
		Construction baron, Pallonji Mistry, gets $1.7 billion richer with TCS market debut.
		MUMBAI: Construction baron, Pallonji Mistry, India's fifth wealthiest man, just got $1.7 billion richer.
		Pallonji lives with his wife and two sons in a cream-colored Georgian mansion overlooking the Arabian Sea in Mumbai.
	www.ciol.com /content/search/showarticle1.asp?artid=61042 (483 words)

	Birlas set to exit from Idea-India Business-NEWS-The Times of India (Site not responding. Last check: 2007-10-15)
		Sources said that after the Tatas and the AIG turned down the proposal to buy the equity, the A.V. Birla group is in discussions with Shapoorji Pallonji, a private firm with interests in construction and road building.
		Shapoorji Pallonji is also the single largest shareholder in Tata Sons, the holding company of the Rs 46,000 crore Tata group.
		While a AV Birla group spokeswoman denied the development, officials at the Shapoorji Mistry group were unavailable for comment.
	timesofindia.indiatimes.com /cms.dll/articleshow?art_id=20397938 (357 words)

	Asia Times: Princes among the poor: India's super-rich
		The reclusive Pallonji Shapoorji Mistry, an old-time family friend of the Tatas, the promoters of India's largest industrial group, the Tata Group, is the single largest stakeholder in holding company Tata Sons, at over 18 percent.
		The 71-year-old Pallonji Mistry is worth Rs 70billion today, on a very conservative estimate.
		And this is not counting his 200-horse stud farm in Pune or his picturesque 30,000-square-foot sea-facing mansion on Bhulabhai Desai Road in the heart of Mumbai or his country houses in England.
	www.atimes.com /ind-pak/DB01Df02.html (1418 words)

	[No title]
		Sanwarmal, who has offered Rs 88.50 for each share, is planning to go one up on the price offered by the Mistry group, which had raised its offer from Rs 80 to Rs 90 after his rival went to town with his intentions.
		Sanwarmal, however, is unfazed by the fact that the role of FIs could tilt the scales in favour of the Mistry group.
		Pallonji group’s offer started on November 28 and would close on the same day as counter offer which is February 1 this year.
	www.telegraphindia.com /1011218/business.htm (3076 words)

	The family business that helped build Indian industry \| \| Guardian Unlimited Business
		He also happens to be the son-in-law of Tata Group's largest shareholder, the billionaire construction tycoon Pallonji Mistry.
		Mr Mistry, who like the Tatas comes from a tiny religious minority called the Parsis, owns almost a fifth of Tata Sons.
		In a sign of perhaps growing influence, Mr Mistry's younger son Cyrus joined the Tata Sons board in last month.
	business.guardian.co.uk /story/0,,1888519,00.html (579 words)

	Pallonji Mistry forays into BPO business
		Forbes Gokak, a Shapoorji Pallonji group company, which deals in textiles to consumer durables, has set up two firms, Forbes Technosys and Forbes Bradma Business Automation, to run the BPO business.
		The family is also the single largest shareholder of Tata Sons, the holding company of the Rs 54,000 crore (Rs 540 billion) Tata group.
		The Mistry's acquired Forbes Gokak from the Tatas, as the latter has identified textiles as a non-core business area.
	www.rediff.com /money/2004/nov/16bpo.htm (368 words)

	Asia Times Online - The best news coverage from South Asia
		Of the others, Smartwin is touted to end up a winner since it is very strong in the paper lottery business and the equity of this activity has spilled over to its online venture.
		DhanDhanaDhan is the only other company which stands to gain since it is backed by reclusive millionaire Shapoorji Pallonji Mistry, the largest private investor in Tata Sons, the holding company controlling Tata Group, India's second largest and the oldest business house.
		Mistry's deep pockets will help DhanDhanaDhan tide over the long gestation period that an entry into the online lottery business normally entails.
	www.atimes.com /atimes/South_Asia/FA28Df04.html (2040 words)

	domain - B : Indian business : News Review : 21 Nov 2001 : people
		Mumbai: The Shapoorji Pallonji Mistry camp has filed an appeal with the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (Sebi) order allowing the Pawankumar Sanwarmal group’s counter bid for acquiring a stake in Forbes Gokak.
		In the appeal, the Mistry group has asked for a stay on the Sebi order of November 9, along with a stay on the operation of the purported competitive bid by the Pawankumar group.
		The Mistry group has also requested that the Pawankumar group should be restrained from acquring any shares of Forbes Gokak.
	www.domainb.com /news_review/200111nov/20011121newsc.html (406 words)

	Indian IPO
		The skylines of cities worldwide are dotted with constructions of Shapoorji Pallonji Group, be it the cricket stadium in Guyana for the 2007 World Cup or the Barakhamba underground station in New Delhi.
		If it does, it would be the first time that the low-profile group would be inviting investors to acquire a share in its company, reports The Times of India.
		Like its chairman Pallonji Shapoorji Mistry, the fifth richest Indian, the group too has always maintained a low profile and its business ventures have stayed private.
	ipoindia.blogspot.com (3810 words)

	PRdomain.com \| ACC \| Board Meeting of The Associated Cement Companies Limited (ACC) (Site not responding. Last check: 2007-10-15)
		At the Board Meeting of The Associated Cement Companies Limited (ACC), Mr Pallonji S Mistry indicated his desire to retire from the Chairmanship and the Board of the Company for personal reasons.
		While reluctantly and very regretfully acceding to his wishes, the Board recalled the significant contribution made by Mr Mistry to the development of ACC during his long association with the Company.
		Mr Mistry has been a Director of the Company for over 48 years including over 4 years as its Chairman.
	www.prdomain.com /companies/A/ACC/newsreleases/20018117018.htm (263 words)

	Grasim in talks with Pallonji Mistry to buy SIV
		Arijit De MUMBAI, DECEMBER 23: Kumar Mangalam Birla could be heading towards his third acquisition in a matter of days.
		The Aditya Birla group flagship Grasim Industries is understood to be in negotiations with the Shapoorji Pallonji group to buy a controlling stake in SIV Industries (formerly, South India Viscose).
		SIV chairman Pallonji S Mistry, who is also the chairman of ACC, along with group companies has a stake of close to 60 per cent following the company's recent 1:1 rights issue.
	www.expressindia.com /fe/daily/19991224/fco24026.html (606 words)

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